The Sun. — London, England, 1818-04-10 00:00:00

PARLI A MENT. HOUSE OF LORDS; THURSDAY, APRIL 9. Four Bills (local and private) were brought up from t-14e Uouse of CommoV, by Sir JAMES (ixn,t►AM, Mr. FELLOWES, Mr. NIETLIUEN, a►lt! other'Members, anti rcad a first time. The Loogii Ode and Nortli : ero. Passage Bill wa , readl a third time, and passed, with au Amendment moved by Lotd 1,71“7.60nt.ME1M1-LE. LEATIIER TAX. Petitions agai .st the. Addit wall Tax on Leather were presented . by. Lord HOLLAND; \ lrani York, Nottingham; and 'King's, Lynn. His Lordship .pbSerVed upon the odious ,and oppressive !MI tire of this Tax", and that the `Ministers who had re fused o eonsent to is repeal 'might perhaps he called upon to acconnt . why they resorted to pro fuseness of expenditure, instead of lesseni ng the .burdens..of the peOple. It might be questioned, why money was voted for a monument, or even for church( s, when it was so imperiously required to lessen the l weight of taxes ? It might be. ques tioned also, why the pageantry of the tVintlsor' Establishment was kept trp, which u'las now so entirely useless ; when the expellee of it would go far to make up the amount produced by the .addi florid tax ttpon leather, of which the petitioners prayed the repeal ?—The petitions were ordered to. lie 'upon the table ; as were also ttivo petitions to a similar effect, presented by Lord Somers. FEES OF COURT. The Marquis of LANSDOW 1 , 111 gave notice, for to morrow, of a Motion to address the Prince Re gent, praying the communication of tic Reports respecting Fees in Courts of Justice. These Re ports, his Lordship observed, had not yet been 'laid before the House ; but as it was a subject_ that came more peculiarly within the cognizance 'of.their Lordships, - at a supreme JtuliciA Court, and ss it was in itself one of gre a t importance, which could not well be treaud of without these Reports, he did not anticipate any objection to his motion.—The Lords were ordered to be sum moned. ROYAL NUPTIALS. The Order of ihe Day on ,w - hich their Lord ships were sionntooed.hring read, - Tne Earl of Live pooL, pursuant to his no -tire, rose to move the customary Addresses of Congratulation, on the patt of their Lord -ships, on the above auspicious occasion. !t would `pot, be believed, be'necessary, when the Illustri ous Persomiges who were the subject.of the mo tion were considered, to take up the time of the House in making any observations upon the sub-- Ject. He could not conceive that any objection would be made to what be should have the ho nour to propose: he should merely observe, that there was no, man but must be satisfied thAt the alliance formed by the marriage of the Illustrious Personage was with a Prince of a most Ancient and illustrious family, and one who bore a high military reputation, which he had repeatedly strewn was. well Gserved, in the course of the long and arduous wars in which this country was engage& He would no longer detain their Lord ships, but move 4, That an humble Address be presented to his itoya.tHigh ness the Prince Regent, to offer their Tribute of Congratula tion on the happy event of thii-Marrio,re of her Royal High- nets the Princess Elizabeth, daughter to his Majesty, with .his Serene Highness Frederick Joseph Louis, Hereditary Prince of Hesse Homberg." His Lordship then moved a similar Address to •her Majesty the Queen ; and thirdly, That a Mes sage be sent to her Royal Highness the Princeis Elizabeth, to congra:ulate her Royal Highne,i on the auspicious event of her Nuptials. . Lord HOLLAND inquired if the whole of these motions were regulated by precedent - . The Earl of LIVERPOOL replied in the of lma tive: The form of presenting the - respective Ad *dresses, and the non►ination of the Official Peers .who are to present the same, was th,eo o►deted by • the - House ; after which their Lordships adjourn ed till to-morrow.. HOUSE OF COMMONS. Mr. BRADLEY (from the Mint) presented a - Return of the prosecutions instituted against persroiS for counterfeiting ,the - gold and. silver coin of the Realm.—Ordero to be printed. - Mr. MARSH gave notice that on Monday he should move, that an order of that House, calling upon the High. Bailiff of Westmiwter to furnish an account of all. the profits and emoluments arising from his office since the year 1807, 'which had been moved without any previous notice, should be rescinded. The Eau Brink Drainage Bill was read a third time, and - passed. Sir .E. BRYDGES presented a Petition from Abraham ~jo h n V a lpy, M. A. of Pembroke College-, against the Copy ,Bight Act, complaining, that under the law as it now stood, .a loss of the enormous sum of t,3001. was occasioned by his being compelled to give the required number of copies of his national work to the Universities. - Mr. W. DUNDAS stated the allegations contained in the Petition to be unfounded. The loss sustained by the Peti tioner could not be greater than the value of the piper. If the whole impression of a work were sold, it would he easy ,to print eleven copies more; and if they were not sold, no loss would be sustained. TO talk of a kiss of 1,3001. was a - delusio:a. . • • Sir E, BRYDGES was prepared to answer what had been ,said against the Petition, and to shew that the allegations it c.intained were perfectly correct. —The Petition was ordered 'to be printed. . Mr. FINLAY: presented a Petition from the Widows of .the Writers to the Signet in Scotland, against the Bill now in the House fur regulating their pensions. , —Ordered to lie 'oa the table. FORGED BANK NOTES. General THORNTON presented a Petition front William Wynn, of Oxford-street, which set forth, that he had former ly submitted to the Bank a plan for detecting forgeries, by 'stationing inspectors of Bank Notes at different quarters of the town, to whom an immediate reference could be made, and a person attemptinic.to utter a forged note be imme diately apprehended. which at present could not be done. The' Petitioner stated this plan to hare been taken no notic,e of by the l3ank, and prayed that its merits might now be taken' into consideration.—Ordered to be printed. CANIBRIDGE UNIVERSITY. ... . ~ _ .... . Mr. SMYTH (of Cambridge) presented from the Univer . sitfiA Cambridge a list of all hooks received there under the Copyright Act, from Stationers' Hall, - ~ Sir E BRYDGES wished to know if the return set forth in what way the books had been d;sposed of. . •' Mr SMYTH said it did ; and this return was To ade for the express purpose of giving the House that information; a former return having been deficient in this re spect. EXCE EWER COURTS. Mr. ABERCROMBY gave notice.t hat be would, on Wed nesday, move for leave to bring in a Bill for the better secur ing the moue): belonging to suitors in the Courti of Ex chequer. SALT DUTY. General GA,SCOIGNE, presented a petition signed by the Merchants, Traders, Gentlemen, and Inhabitants 0f...-Liver pl, in favour of a Repeal of the Duties on Salt. :As far as be•could-learn, this petition bad been proposed at a public where it wt with t he. unanimous approbation of all nrt.scia: , He thought entitled to attention, COlDitli from•suCh a . quatteh as perhaps uo people could he better qualified to farm a. judgment on this "question than the people of iLiverpool, since 'nap. truths of the salt exported to Ante rica and the Cobillies vicct from Li verphoL' The- pstiti o u was referral to a Committje on the Salt Duties, and ordered to be-printed. T. POOR LAWS. . . General GASCOIGNA..; then presented Petition from the Owners of Houses • in'Liverpool, - against the clause in the Bill for ;unending tit,' Puor Laws, which goes to enact . that Owners of Huuscs rented-under 251. shall be liable fur the boor's Rates. s . General THORNTON was glad this Petition had beep pre sented, and be hoped Petitions would - be received ;from every town in the country on this subject, and the clause would be ultimately thrown out. the Petition wits referred to the Committee on the Poor Laws.: ' General GASCOIGNE gave notice that he would on Mon day move,for.leave to .a Bill to extend so much of the provisions of an Act of. thh 22d awl esd of Charles the Sec.ond, as relates . to Costs-of Suit, so as tai guard against . . heir lxing sulftred•tu. i: - xeet.tl in amount the damage sus wined.•. Sir C. .MORDAtrisIT presented. al'etition from the Cham ber of Cniumerce'.at Bitniingham, against the ,Manufacto ries' Labour {regulation 1101.-ot4lvred to be printed. Mr. BOSWELL presented a Petition from the .County of Ayr, in Scotland, against the Scotch Lunatic Asylum Bill.— Ordered to lie on the table. . . . . Mr JOHN SMITH presented et Petition.from certain Art ists and engravers, setting forth, that they w(le frequently obliged to publish short explamatious with their works in letter press, which subjected them. to the Copy Right Act. The pressure of this evil was severely kilt iu many instances, and they therefore prayed for reli'ef.--Ordered to Ile on the table. , • Mr. C. WYNNE presented . apetition from the Boolsellrra and Publishers of Lond,in and Westminster, againt the Copy 'tight Act, praying - that the severity of its,ettactments . . - . . utr;) be dioinislied. Mr. BKNNET presented petitions from Salop, Notting ham, and, Derby, praying for a Reform in Parliament.— He also, preserved a petition signed by certain Laliourers and Manufacturers in favour of the Cotton Manufacturing Regulation Bill.—The petitions' «•ere ordered to lie on the - POLICE OF THE NIETIMPOLIS. Mr. BENNET, after a shOrt speech, which was inaudible in the. gallery, moved for the appointment of, a Committee to inquire into the state of the Police of the Metropolis.— The motion was agreed to, and a committee forthwith -ap pointed. ADDRESSES OF CONGRATULATION. Lord CASTLEREAGH rose, pursuant to the.notice 'he had given yesterday, to submit a motion to tne House, on, which he was sure hut one sentiment would prevail. It wlrs his in tention to propose a vote of congratulation on the marriage of her Royal Highness the Princess Elizabeth with the Heredi tary Prince of Hesse Humber;*. The House had always taken a lively, interest in all that concerned the Must rictus Princesses of the reigning Family, and he was satisfied this feeling would know no abatement on the present occasion, when one whose character was so high in public estimation had been united to a Prince whoie personal merits were so well known to the House, that it would appear ridiculous in him to occupy their time by dwellitag on the high character which he hail gained 'att was known that he had been a dis tinguished soldier all his life, and had fought in most of tliese Glorious battles which had accomplished the deliverance of hurOpe. He moved— - " That an humble and dutiful Address should be present ed to IlOyal Highness the Prince Regent, to congratulate his Royal Highness on the happy Nuptials of:the Princess Elilabeth, daughter to his Majesty, and the Heredi, tary Prince of Hesse Homberg, and to assure his Royal Highness of the satisfaction with which thry contemplated an et - eat from which they trusted much happiness would,be derived to his Majesty's Family."- . • - The motion was agreed to, and the Address ordered to be presented to the Prince Regent by the Members of that House who were also Members of the Privy . Council. • A similar - Vole of Congratulation was moved to herAla jesty, and carried, and ordered to he presented iu the same manner. Lord CASTLEREAGH then moved that a Message should he sent to the Princess Elizabeth, offering the Congratula tions of thatHousv on the happy event of her Marriage with th, HereditatyPrince Frederich Lewis .16 - seph Charles An gus ns,,Hereditary Prince of Hesse Horuberg. The motion teas carried unanimously. ABOLITION OF THE SLAVE TRADE. Lord CASTLEREAGH brought in a Bill to carry into ex ecution a Treaty concluded between his Majesty and the King of Spain, respecting traffic) in Slaves.--41.ead a first, and ordered' to be read a second time on Monday. The Bill to be printeil. Mr. BENNET, seeing au Hon. Gentleman Apposite con nected with the Colonies, wished to ask him a question.' He understood a correspondence with some of the inhabitants of Cape Breton, on the subject of the conduct of Governor Ain slie, who was stated to have italicised taxes without the an thority of the General Assembly, had taken place ? - Mr. GOULBURN said a correspondence had certainly taken place on the subject referred t O.—A question rising out of it had been under consideration, but at present he was not i n a situation to state the result. -.Mr. BENNET the❑ gave notice, that if the Information-he had asked were not given before, be should, early in the en siting.week, submit a motion to the Ho,use tionnected with this subject. MOCK AUCTIONS. Mr. Alderman ATKINS moved the second reaching of th e Muck Auction Bill; hut, at the. sug,,estion of Mr. LUSLIING TON, the second reading , was postponid till Tuesday. The Irish Privately:. stealing' Bill went through a foot tnittee, the Report •of which was ordered to be received to morrow. • • BANK RESTRICTION AND COUNTRY , BANKERS' NOTES. The floirse having resolved itself into a Com mittee ou the Bank Restriction and Private Note Act, The CHANCELLOR of the EXCHEQUER, not hav ing formed a decided opinion in the early part of the Session whether or Dot it would be proper for the Bank l to resume cash.payments in the course of the current year, had been anxious to postpone the consideration of the question to as late period. as he could; With due regard to the conve nience of the House, taking care that it should not be brought forward when a good attendance could not be - obtained ; and he .had expec(ed that before the present - time intelligence would have been received that - would have established'the pro priety of retorningto cash payments, or that cir cumstances of such insuperable difficulty would have .arisen as•would at once have .decided the question, and satisfied the Reuse: what•.course they were bound in duty to pursue. At present, he . certainly had nothing of this nature to urge; hut, at •the sante time, he must submit to . the. House, however reluctantly, that it would not, accord with the public convenience 'that the Bank should return' to cash payments at a very early period of the preseu.t year. To explain the view :he, took Of this question, it Was peceisary that he shrink! 1)1104 advert to the course which had been pursued with respect to the Bank Re striction_ Act in former years. That mea sure, first adopted , during the war against the French Revolutionists, had been . renewed at different Periods down to the Year 1816, when an Act was passed for restricting the Bank from paying their notes in cash for two years, it; being then understood that when . these twO years had elapsed the Bank "Should positively rettirn to cash paythentsohe two years being allowed them to prepare for doing so. To spew was had' been the prOI)O ility of doing this,'it neees -sary • refer to those Political events by . which the ex,:langes had 'been effected' of years. The House would recollect that, preitlus to the return of the French army from Russia, at the latter end of 1812, and the beginning of 1813, the price of gold rose .to 5/. 10s.. per oz:, while the price of silver,in -dollars was 6s. ,per. oz. It was impossible, at such a time, to restore theme tallic currency_ Any effort to do this must have been unavailing, as gold and'silver issued from the Mint would have been Melted . dowl - t, and•put•outllf circulation as sob~ as it was sent abroad. - FroM the period at whirl thellench armies were cow , - pelled to leave Russia, and retire into Germany, tavourable issue to the contest was foreseen, and, as might naturally be expected, the exchanges be came favourable to this country. In the course of the year 1814, when the 'Allies were enabled to enter the city of Paris, the price of gold fell to 51 the ounce, and subsequently declined below .4/. 10s. There was every appearance of its contiou ing to fail, when the unfortunate events of the 'text Spring occurring, brought again upon us all the calamities of war. This,' of course, inter rupted the favourable tort of the exchanges, and after . the return of Buonaparte in 1815, gold rose agairi from 41. Gs. 6d. to 51. 7s. • It was then ob vious that a return to cash payments then was as impracticable as it had been in the former war.— For that time, therefore, the idea was abandoned, as it was seen it must be wholly unavailing. In 1816, when peace had been again restored, the resumption of cash payments by the Bank was then postponed for -two years, till the sth of July, 1818. From that time the Bank had taken every precaution, and adopted every measure, that promised to enab!e them to comply with the wish of Parliament, by resuming their cash payments at • the" apphinted time. -By way . of ' experiment they, in the last year, had [wide a partial pay ment. They offered to pay a certain description of their notes, tire amount _of which was bitt small, not exceeding 1,000,0001. The effect was what had been foreseen. The public were so far from being . anxious for a return to cash payments, that the amount of the notes presented was so small as to he of no consequence whatever. At this time the price of gold bullion was little above the Mint price, being but 31. 18s. 10d. per oz. while silver was actually below the Mint price, being but 4s. 10d. the_ounce. To exemplify his ar'gunlent he must be _allowed to state one fact. When the exchange of new silver for the old was to take place, a large sum in new silver had been sent down t(') Scotland. After all the old silver had been exchanged for new, there remained- in the possession of the Bank (the Royal-Bank, be believed) of Scotland, the,stim of 7,0001. This-it was thought desirable to retain, and it had been asked as wfavour that gold might be sent to Lon don for it instead of Bank notes. He could bring many other circtimstances forward of a similar clia racter, to prove how little anxious the public had been for a yeturn_ to a metallic currency.— The Bank, after the first experiment which he bad mentioned, had made another on a snore ex 7 tended scale, by offering- to pay all- their notes issued before the year 1817. But circumstances were now changed. It .was not wanted to put gold in circulation, but the foreign exchanges were different from what they had been, and the result of this second experiment was not like that of the former.. Froni a Return before the I-lonse. it appeared, and he might therefore now•mention the fact, that no less than 2,600,0001. had been paid in cash by the:Aank for their ootstanding notes ; and it was a• notorious fact, of the im mense sum issued in gold, hatally any. part of it _remained in circidation. Such, he was satisfied, would have been the case had the Bank fornially resumed cash payments in the last year ; and he stated this to sinew hinv unadvisedly they would act in taking such a step at an improper time. The same objection which might have been urged -in the last year against the resomption of . 'cash pay ments, might .at present be orgetf With some ag- . gravation.from the altered situation of things In 1816 there bad been a bad - harrestoind the harvest of 1817 had not been more than •an average one. These circumstances - were unfavourable, and to these something - might be added 'for the emigra tions which had taken place, lo account for the state of the EXchauges. The number of 'per sons, however, who had left England to reside 'abroad, was by no means so great as had been supposed. From a return which lie held in his hand, it appeared that the number of per sons who had sailed from Dover to the Continent (to which the principal emigrations had taken place), amounted, front the year 1814 up to the 24th of February, to upwards of 90,200. The number that had returned was 77,530, •About 12,700 might, therefore, remain abroad. lie stat ed this to4shew that the emigrations which had taken place afforded no just groundsr -for alarm, and to prove the opinion entertained, that no, fewer than 40,000 persons had so left the coun try, was unfounded. Supposing these 12,700 per sons to, average an annual expenditure of 2001, each,, which was a large sum to take . as th e .aver age, the money' thus spent out of the country would not exceed two millions anti a balf,-and would not be seriously felt, thoughlt -night con- . tribute in sortie degree to make the exchanges -un favourable.- But another circumstance of a dif ferent• nature, and most extraordinary • in , its character, had ._occurred.._ He alluded to. the , negociations which bad _taken place within the last two years for loans in this.country.for' the service of Foreign Powers: . In-1815 - a. loan .was raised for the French Gavernmear, amounting to about 5,000,0001. sterling, and stib:e.quena loans had.rnatle the: total amount 27,000,0001. he effect of the had'been -to depress - the exchanges, while the price of gold had Advanced from,3l. 17s. 3d. to 41. 2s. 6d. Such had been the effect of these loans, though be bad every reason to be lieve that the individuals whoadvaneedahtni, had they. conceived them to :be injurious. to their, country, would .by no, means - havebeen'concerned in them. Tliey, however, had a : legal right to dispose of their property as, they pleased for their own advantage, and the -Government, in such• a case, had no right in any way to interfere. So those who had emigrated had a right to leave, the country, and probably would not have gone abroad bad they thought they 'should' in any - way injure it'; but the 'practical effect of:what had been done was to take annually two millions And a half out of the country. In threourSe of the present yiar loans had been ne gociated for to the amount of 12,000,0001. But for these he should _hardly have felt biLuselt fr Justified in calling on the House to atopt a n y - r traordinary measure with respect to t h , e culating medium of the country. 'file nr,,i must be aware, that bf'the Treaty of r,'; the Allied Army might be 4ithdrawoV i at r France at the 4se of the •,present * Ye 1115 ,.• might be continu7d' there fOr4Wo years _ luog e ';10 the latter case, it might bXealculated that.tv French Government would Want a new loan to o 5 amount of 20,000,000/. to meet theexn e ' h s which they would have to defray; and in st ioi -case a resumption of. cash payments by the B l e d of England would be most injurious. He . .s ts i i t this to prove that it was not from any thing l e the Internal state of the country that he was sirous of contidiliug for some time longer lo Bank Restriction Act in force. - Internally i be f ,r was no daoger, but it was necessary to, provi A ne at ao unfavourable state of the eiehauges, 811 " question on (eh - kb the House' had to decide r v i this, whether the inconveniences that -would P a , front a resumption ot cash payments at an ir°P, r o per' suoinent, (lid ,not greatly Out weigh thos e tj a would result from, its temporary prolongatil' would hardly be thougi,t by any one advisable the Bank to ressime cash payments tinder Cl'e' ll ot stances extremel sintilar to those iu ,:mf Restrietion'Act was resorted to. He coafiue,'-e anticipated the_ opinion of -the House wou hl t b ; that they ought to take such -a course. ' l° ;' l r e e t il that the cireitmstances of the.two ;ieriods thi; e l 4 4 he would 'read certain' documents .to theol• t Df then read a Reaoloticm come ti by the Cn itr i• b Directors at the Bank, Sept. 13, 1795, i":na le ig , they declared, that should anew loan o f 3,00 , 7, 0 be granted to the Emperor, they were o f "I ) ",' t from the actual effects of the fdrtner loan, 3 ,id drain of bullion...might be expected, which w t 'a .afford cogent-'reasons for appr e h e nding the 1 : 1 1 : ) e y alarming consequences. at 'Feb. 11, 179 6 ' - d e came to. a resolution still stronger,irwhichth e Yl e il dared, "That it is the opinion of this Court,loni" on the effects of the last Imperial Loan, tha t ,V e r further Loan granted to the_Emperor, or any ", 1 0 1 Foreign State, will 'in . ali pr o b a bility prove ' l O to the Bank of Engl a nd ; and we therete le l 'it protest against any such - Me"asure, and shoni' be adopted, disclaim all responsibility for -th ee be latnities which may- follow thereon." He trait se be asked, ifotir return to a metallic currency to depend (you the. -arrangements of 11)je •j a ‘ Powers ? He would reply to this and sn'''a i questions, that- we ought not to 'return to c ' 3 lo s payments till we could do it securely, B " (lt .it moment would he' very chOsen for do - insr a i: when 'the circumstances of the -country wer e si— j o tt lar to those which marked th e pe r i o d %vile tl i - iat Bank Restriction Act was first - resorted t°' t ag it might be said, the L oa ns w hi c h precede" ' tte Bank .Restrictiorr Act were guaranteed by ce Government. He admitt e d th ere . was a dl er ' ei ir between such LoanS'and Loans like those "' te, negociated or pow-- ne g o c i a ti ng . Thi s , b° 44 :' ec n (1 was not so important as migh t b e s u pPosiol was more than Made up for by the diffel'e l (. ' ee ,, n , the amount of the luaus. Th e Iloperh4 r t referred to by the Bank 'Dir ec t ors , h a d _am" l 'rit to foot millions and dhalf ; that agitiOs t they protested was intended not to exeee" I millions. The last L o a n ra i se d for amounted to twelve millions. The total ortiotitrtt }e of the loans raised for h e r i n this countyy fiti"h t i g e taken let 30,000.0001., while.a. loan of 5,061-T. llri %a for the service of Prussia was undrestood ° of in contemplation, and there were no g r "" 4 " ls ta e, supposing capital- to b e ,so abundant elseatltnd that could be,raised in any other-country,- 4,0 thus the drain opon Engl=and waS Ilkelytohe fie all proportion greater than in 1795 and 179 6 ' t he repeated it was not from the internal State of country, fur the Bank were ready to 1 1%e, cash, but froth external cit cionst tuces rn that he wished the Bank Restriction A rt or ee continue in lot - 6e some time longer. sent he should propose to enritintie t hte Restriction Act its force till the stti t ire He bad stated thus much to pave the waY dtO introduction' of another measure which he propose, which had for its-object-to give !be' t i ja o try a more secure pap er c i rci d a ti na medit"" Av er it had ever possessed befo re . He Wished th e roe io circulation ,to - be convertible into cash e re st pleasure of the hold er , an d t h e Elouse,o4' . ` assured the Batik were as anxious to as they could be. He wished the count'Y rally to have a better paper correneY it had hitherto had. The most . conven l en l %E." rency that a nation h a d, was t h at which CO'ter ed of a mixture of paper and metal. The VI ? Should be large in its 'amount, - but yet cured that the holder of it should have the s 9 . ! s a reliance -on its intrinsic value that he Would l o l ls on the precious metals themselves. T o effec t d' Various plans had been suggested, by giviotil„, it rities on laud and. other securities, but I°too. Olt= appeared that these were.ohjectionahle- /„ uncertainty attending them. • He \ nr ° r , h B pieh c found a 'paper currency. on that vvh' e " 4 0t 710 certainly vary somettii4gin irs value, b ut 0 0 1 1 a very -great extent—he m ean t f un ded p () ; - , i I-lad this been tried when our futulingsYs t i ew agi first established, we s h ou ld h ave , probal li ,Y; ° r oe had as- perfect a.corrency as-any nation e°"“'',, i acr sess. It, 'on the' first loans being raised', V i 7 e a money bad been issued, founded on then','•i t hit ge could be no doubt that g o ld an d s ilver vv° l -" 6 fro o continued to circulate with them. At present , cu r no such regulition having been adopted" "r is tency was by no means equal in different Pa r 10 4 the cottony. In Scotland no inconvenie qee t ever been felt from the c paper currency. in I° l o . 11111 d, and still -more in 'lreland, he , wos sorl oo say, such was not the c ase .- H e %cola, not large on the many inconv en i ences which bad bo a telt, as with these every Gentleman must .he f miliar. He: meant to propose that tie' r o e vate Banker should be permitted 1 " " s':l3 Notes for small e r s u ms. th an 51. after t o e , of July, 1820, but oh stock deposited es - s eetl „ j itll for the same. He did not prop ose to interfere the Bank of England, as he considered the/ g already that security to their creditor ‘ virich ta e was about to require of th e private ban ker t :ich the great mass of Gove rnm ent' s ecu rities W they held afforded complete protection t° holders of their notes. He sh ou ld prppoie'? he after tbe,sth of July, 1820; n ci no t e shoul"s.tar issued by a country or private banker for a i i , o l under Ave pounds A but on double the "fp.